Article Trunk



Rewards Of Payroll Debit Cards For Small And Medium Enterprises:

10.05.2009 · Posted in Business News Article

Payroll debit cards are an alternative option for Paycards. They function in the same way as prepaid credit cards. These debit cards offer effective payroll solutions to small and medium enterprises (SME’s).nnBusiness enterprises, which have a small employee base of around 50-500 can greatly benefit from payroll services that includes the use of payroll debit cards. Employers of small and medium enterprises can use these cards to send money directly in the salary accounts of their employees.nnEmployers can easily monitor both, the online transaction process and employees salary accounts through the debit card payroll system. The employers do not need to pay any additional fees for any transaction process done through payroll debit cards. This is one of the most beneficial features of payroll debit cards and makes it a better alternative to conventional payment techniques such as salary checks.nnAlso, these cards help companies to eliminate the cost involved in printing of pay checks. This advantageous feature of payroll debit cards can contribute significantly towards enhancing the profits of any small and medium companies by saving their administrative expenses considerably.nnThese prepaid cards are useful to both, employees and employers. With payroll debit cards, employees do not need to stand in long queues to access funds from their accounts. They can easily receive money or withdraw money from their accounts by visiting nearest ATM center as per their convenience.nnEmployees can use these cards in the form of prepaid cards such as MasterCard and Visa for shopping in or withdraw money from any foreign country. Paycards also provide the employees with attractive banking benefits associated with saving accounts and deposits.nnMany companies across the world have benefitted by embracing payroll debit card programs. Several small and medium companies in Germany, Singapore, Brazil, Malaysia are have profited largely by applying payroll solutions involving the use of payroll debit cards.

Leave a Reply

You must be logged in to post a comment.